At least 27 people are missing after a passenger ferry collided with a fishing boat in the Philippines. Officials in the capital Manila said, the ferry and the fishing boat were together carrying at least 73 people when they collided in Manila Bay in the early hours today. Both of the vessels have sunk.<br/> <br/>Rescue teams had been dispatched and boats in the area had also been asked to help hunt for survivors. A Coastguard spokesman said 46 people had been rescued from the waters.<br/>There were no reports of bad weather conditions in the area and the cause of the collision is not yet clear. It comes as thousands of people in the Philippines travel home for the Christmas period.<br/>